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MFS Africa collects $100M to expand its digital payments gateway across the region

TechCrunch

Investor interest in African fintech continues to grab headlines with large fundraises. But a s the company continued to grow, it became apparent that the product had use cases for small businesses. In fact, at the time, more than half of its users in East Africa reported using the platform for business reasons, according to Okoudjou.

Africa 108
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Dispute between founders and board leaves Capiter in arrears to employees and creditors

TechCrunch

Last month, Egyptian B2B e-commerce platform Capiter made headlines after founders Mahmoud Nouh and Ahmed Nouh were ousted by its board as CEO and COO. But various sources say the company’s issues were more inward than outward, as they described Capiter as a workplace with poor management, no structure and a business with a high burn rate.

Egypt 81